)
Overview
<ul>
<li>Natural gas provider’s fiscal Q1 net income decreased yr/yr</li>
<li>Company raised fiscal 2026 net financial earnings per share guidance</li>
<li>Q1 net financial earnings decreased due to prior-year solar asset sale gain</li>
<li>Energy Services segment benefits from natural gas price volatility</li>
</ul>
Outlook
<ul>
<li>New Jersey Resources raises fiscal 2026 NFEPS guidance to $3.28-$3.43</li>
<li>Company maintains 7-9% long-term NFEPS growth target from fiscal 2025 base</li>
</ul>
Result Drivers
<ul>
<li>NATURAL GAS PRICE VOLATILITY - Energy Services benefited from increased natural gas price volatility, enhancing financial margins</li>
<li>BASE RATE CASE SETTLEMENT - NJNG’s NFE improved due to the full impact of a base rate case settlement on utility gross margin</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Basic $1.22
<h3>EPS</h3>
Q1 Net $122.5
Income mln
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 5 “strong buy” or “buy”, 1 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the natural gas utilities peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for New Jersey Resources Corp is $53.50, about 8.1% above its January 30 closing price of $49.48</li>
<li>The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

New Jersey Resources Q1 net income falls